In Ukraine’s largest coal energy project since independence, China’s Dongfang Electric International Corporation has signed a 5-year, $684 million contract with Donbasenergo

In Ukraine’s largest coal energy project since independence, China’s Dongfang Electric International Corporation has signed a 5-year, $684 million contract with Donbasenergo to build two coal-fired power generating units at Sloviansk, 15 km north of Kramatorsk, provisional capital of Donetsk region. With a Chinese bank funding 70% of the project, the units are to provide a total of 660 MW of capacity by 2023. Almost five years ago, Donbasenergo lost half of its power capacity after Russia-armed separatists seized its other power plant, at Starobesheve, 25 km from Russia’s border.